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FX.co ★ #Bitcoin M5: Head and Shoulders

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Technical Analysis Patterns

2022-06-24T13:20:14
Signal strength 1 of 5

#Bitcoin M5: Head and Shoulders

Head and ShouldersThe #Bitcoin M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 21437.68, the Neckline and the upward angle are at 21085.23/21135.88. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #Bitcoin will go towards 21135.73.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by #Bitcoin